Business Topics

Trump presidency could cost U.S. economy $1 trillion, research firm says

Sep 14, 2016

Trump presidency could cost U.S. economy $1 trillion, research firm says

The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday. While the firm said Trump’s policies — including more protectionist trade measures, ...

Machinery orders rise for second month straight

Sep 12, 2016

Machinery orders rise for second month straight

Core private-sector machinery orders gained for the second month in a row in July, prompting the government on Monday to upgrade its basic assessment of the key indicator for the first time in nine months. The orders, widely taken as a leading indicator of ...

GDP revised upward to 0.7% for April-June quarter

Sep 8, 2016

GDP revised upward to 0.7% for April-June quarter

Japan’s economy expanded at a better-than-estimated 0.7 percent annualized pace in the April-June quarter, according to revised data showing private demand was stronger than earlier reported. An earlier estimate put annualized growth in the quarter at 0.2 percent. The economy grew at a 2.1 ...

Sep 7, 2016

China vetoed from becoming second-biggest Australia farm owner

China would have become the second largest foreign owner of Australian farmland after the United Kingdom if the government had not vetoed the sale to Chinese interests of a major cattle empire, a report showed on Wednesday. The Australian government released the first ever ...

Slower U.S. payroll growth dims September Fed rate hike prospects

Sep 3, 2016

Slower U.S. payroll growth dims September Fed rate hike prospects

U.S. employment growth slowed more than expected in August after two straight months of robust gains, and wages were tepid, which could effectively rule out an interest rate increase from the Federal Reserve this month. Nonfarm payrolls rose by 151,000 jobs last month after ...

LDP group to reassess how GDP is compiled

Sep 2, 2016

LDP group to reassess how GDP is compiled

The ruling Liberal Democratic Party will form a group by the end of the month to examine how to best collect and compile economic statistics that are used in key measures including gross domestic product, party lawmaker Yoshimasa Hayashi said. Hayashi, 55, added that ...